SG Dealbook: BreadTalk in JV with Japan’s Shinmei; Noble Group acquisition


BreadTalk has formed a joint venture (JV) with Shinmei Co. while Noble Group has acquired a stake in an ASX-listed firm.

SGX-listed Spackman Entertainment to acquire talent firm Constellation Agency for $12.3m

Constellation Agency is primarily involved in the business of representing and advising Korean artists in overseas markets.

SG Dealbook: Karin Tech buys stake in MasterKloud; GKE Corporation, GushCloud form JVs

Karin Technology has forged a JV with HK-listed Masterson Technology to provide cloud-related technology services and hosting of cloud solutions for corporations.

SG Digest: CDLHT divests Brisbane hotels for $59.4m; Ascendas Reit seals $93m deals

CDLHT intends to utilise the proceeds from the divestment mainly to repay existing borrowings to further strengthen its balance sheet.

Cosco’s takeover bid for SG’s Cogent hits 90% mark

In November, Cosco had announced that it will acquire Cogent for S$488.07m. Earlier in July, it had agreed to buy HK’s Orient Overseas for $6.3b.

SG Realty: Fortune REIT sells HK mall; Hotel Properties’ acquisition; Ho Bee Land’s Melbourne JV

The manager of Fortune REIT is disposing of Provident Square in Hong Kong for HK$2 billion (S$344.5 million) to Farsight Investment Limited.

Japfa to buy out Proterra fund stake in AustAsia dairy business units for $263m

Japfa currently holds 61.9% and 64.4% in two subsidiaries AIH and AIH2 respectively

Singapore gets its first cryptocurrency cafe after regulator sounds cautionary note

The cafe accepts bitcoin, its own virtual currency called Ducatus and other cashless payments.

Noble Group buys time with another credit extension, but future remains uncertain

The company, which has bank debt of about $1.2 billion and bonds aggregating about $2.3 billion, did not indicate the size of the credit being extended.

Mapletree Industrial Trust completes joint purchase of 14 US data centres for $753m

In all, MIT’s investment comes up to about $304.7 million.